Pax Dollar (USDP) Price Reaches $1.00 on Top Exchanges

Pax Dollar (USDP) traded down 0% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on July 8th. One Pax Dollar token can currently be purchased for about $1.00 or 0.00001770 BTC on major cryptocurrency exchanges. Pax Dollar has a market capitalization of $119.41 million and approximately $1.83 million worth of Pax Dollar was traded on exchanges in the last day. Over the last week, Pax Dollar has traded 0.3% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• IOTA (MIOTA) traded up 4% against the dollar and now trades at $0.15 or 0.00000265 BTC.
• Creditcoin (CTC) traded 5.7% higher against the dollar and now trades at $0.47 or 0.00000837 BTC.
• Electroneum (ETN) traded up 2.6% against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 6.7% higher against the dollar and now trades at $0.0032 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 0.8% against the dollar and now trades at $0.79 or 0.00001391 BTC.
• The Transfer Token (TTT) traded down 0.4% against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 11.2% higher against the dollar and now trades at $0.0108 or 0.00000019 BTC.

Pax Dollar Profile

USDP uses the hashing algorithm. Its genesis date was September 10th, 2018. Pax Dollar’s total supply is 119,399,806 tokens. Pax Dollar’s official Twitter account is @paxosstandard and its Facebook page is accessible here. Pax Dollar’s official message board is medium.com/@paxosstandard. Pax Dollar’s official website is www.paxos.com/usdp.

According to CryptoCompare, “Pax Dollar (USDP) is a stablecoin pegged to the US dollar, created by Paxos. It provides stability in the volatile cryptocurrency market and serves as a medium of exchange, store of value, and hedging tool. USDP is widely used for transactions, trading, and investment purposes.”

Buying and Selling Pax Dollar

It is usually not possible to purchase alternative cryptocurrencies such as Pax Dollar directly using US dollars. Investors seeking to acquire Pax Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Pax Dollar using one of the aforementioned exchanges.

USDP/USD price chart by TradingView